kuwait's about boycotts collective widespread anger a poll that opposition says is rigged in support of a u.s. backed monarchy. in egypt the president's supporters weigh in with rival protests the group theory against on the buses. and constitution his allies drafted. in the u.s. hits back at israel authorizing thousands of new settlements in the west bank and east jerusalem just a day after the u.n. upgraded diplomatic status. around the world around the clock this is. the islamist opposition in kuwait is

boycotting saturday's parliamentary ballot in a bitter standoff for the country's unelected leaders the u.s. backed more like he's accused of amending the voting rules to influence the outcome of the poll. is in the gulf state with more. uncertainty is one way to describe the mood here in way today as the highly controversial parliamentary elections kick off now the opposition has refused to back down from a boycott of the voting in protest of what it sees as a move towards authoritarianism opposition not to say that this is an attempt to produce a more compliant parliament that will allow the government to pass laws without appropriate oversight from the legislature thousands a few leaders have taken to the streets in a largely peaceful protest march to express their frustration with what they see as . some version of the cold war there's also concerns about a potential clampdown on dissent as many activists who have spoken out both against

the emir and the political situation here have been jailed now we got a chance to speak to some of the protesters and here's a look at what they have to say i have a problem is that the government doesn't need neither the constitution nor democracy and they always start to talk about dialogue whenever they need a temporary alternative but in practice they are defying democracy the main problem is that since one thousand nine hundred seventy six the development of kuwait has stopped because the government started thinking of how to change the constitution and get rid of it the growth of the country and the government is unable to change the constitution or to continue with the development process as a result the situation has got to where it is now the opposition hope that maybe we should result in a lower voter turnout which could in theory directly undermine the actual outcome of the elections and potentially they send the dissolution of the most recent parliament we also spoke to opposition activists to say that they are going to be

stationing their own observers at each of the polling stations in order to do an independent count of the voter turnout the overage country has seen recently violent street battles between opposition groups and security forces which have used steer gassed stun grenades as well as rubber bullets in order to disperse the previous guy. other things now western countries are of course. as well as the unrest here in kuwait of course as an opec member any sort of unrest on the streets is bound to have some sort of an impact on oil prices as well as the pentagon's plans to use the oil rich nation as a hub for its get ground forces in order to build up a countering force to the perceived threat by iran of course is home to three u.s. military bases and one that's increasing the number. of them in withdrawal from afghanistan. you see captain of r t two eight. but meanwhile in egypt thousands of business in support of the president's position

continues to demonstrate against him i mean lucy initially spoke public fury of the granting himself supremes power has now of the draft constitution his political allies approved has also come under fire. bottom reports from cairo. protesters have been camped out in tahrir square since last week since egyptian president mohamed morsi if you decree granting himself sweeping new powers that kicks off a wave of protests by the more liberal sections of egyptian society not just here in cairo but in cities across the country some of those spilling over into violent protests we've seen take gas thrown and stone exchanges between the protesters and police a number of protesters have died hundreds more have been wounded across the country in those protests the clearness of it the roots of it a constitutional crisis here people in this age when they have their revolution

nearly two years ago the overthrow of hosni mubarak last week after this declaration of how much more see the current president backed by the muslim brotherhood said that the reason for that was to try and get a new constitution last in a process that dragged out for a long time. egypt however the constituent assembly that drafted that is dominated by the muslim brotherhood many other representatives of more liberal representatives coptic christians and other groups that have withdrawn from that assembly in protest so there is the fear that that new constitution which has just recently been drafted is too islamist am is to religiously conservative doesn't make enough provisions to protect minorities here in egypt from society mohamed morsi for his part ses he went to compromise he wants to protect the revolution and today it is the chance of his supporters he is supported by large sections of the

egyptian population and he did win the presidential election these protests will continue here in tahrir square as well and we have this shows that the constitutional crisis and the battle to try and get egypt's revolution on the right track on a track that egyptians can agree on is far from over a car a based political social attests says egyptians know better than to trust leaders who a seamless temporary sweeping powers. you nor any of the good the big hitter in the world help global selenium deal with tell you all it is a temporary thing it is full emergency told us the same state same saying sixty years ago under president obama and we stayed under emergency law for seventy years and it was all over the syria excuse it was then bowing it was a short period egyptian people in two thousand and twelve are not the egyptian people in two thousand and then they have changed their is political culture that

has changed in a lodging different satellite social networks and store you cannot like lose them and they do not trust this google also the fact that the muslim brotherhood is looks to be a part of the grounds by the united states and if it succeeds in egypt it would succeed in all the arab spring countries and americans would be able to establish an islamic appall american teams in the area who policing the whole of the horses who have fairly america in many ways was new horses that would oppose the people inside but serve the american strategic and those in the area from outside. well washington has hit out at israel for authorizing three thousand new settlers in the west bank and east jerusalem israel's move came a day off the un general assembly upgraded palestine to being a nonmember observer u.s. called the construction decision counterproductive to peace negotiations on

a two state solution palestinians say their lands in the west bank and these jerusalem which were occupied by israel in one nine hundred sixty s. must be returned to them but since then the number of israelis living there has risen to half a million palestinians all settlement building must stop before any peace talks begin right so let's find things both sides are going to part two state solution and never. if we're serious about a two state solution and if we're serious about moving towards that. there's no way that this fervor settlement expansion can be seen as in any way a move towards getting back on the table and moving towards the peace talks that both sides desperately need in the latest upsurge in violence in gaza we've seen documented proof that israel launched indiscriminate attacks they failed to distinguish between combatant and civilian in the same way that hamas rocket attacks very clearly are aimed at civilians which is

a violation of international humanitarian law in the sense that target civilian. indiscriminate nature of their arsenal further away from a two state solution perhaps we've ever been before but only by building on the international consensus that we've got israel and even the united states are further away from can we hope to move towards a long lasting peace. well coming up in the future of america's high tech hub is in jeopardy and why it's so the valley is shutting out the end of it has helped create its digital revolution. also a fight over peace as a former we go to say even the coveted prize to europe is not what the found it had in mind stories due to a mall just ahead. the sun rises over what seems like and list forest but here in new directions crime

hundred kilometers north of london fall stalk as in much of the world it's disappearing at a catastrophic rate. mortgages both illegal and those finding ways to outsmart the system for filing down the forests of the region for them profit goes well beyond the future of our planet and the result could be an ecological crisis we are on the hunt for illegal loggers and it's not going to be easy the forest is enormous and our chances are slim now for now we can stay in our dreams but as soon as we find solid tracks we'll have to drop our wheels and get out silently in order not to scare the loggers off. xander someone in ca has been a ranger for over twenty five years he can spend weeks at a time tracking a single group of loggers easier to work when snow falls in autumn it's impossible to find human tracks and even transport tracks are hard to see after hours of

driving we get sent in the right direction by word of mouth you can see that the ground is soft here which means that the twelve tractor trails are very fresh which in fact means that we need to be quiet in order to not scare them off as we get closer. this team says they're legal but have no documents now xander can now call the police to take over his work here is the. done he is overwhelmingly outnumbered there are too few rangers working in the promote the region and the w w f says the government isn't doing enough to stop it just you. know do it there's no one tries to stop them in just five years the force will be gone what will the people who live afterwards do it's a question more and more people are aware of today climate change in the safety of our environment as a whole are being discussed around the world and perhaps it's those small steps that might be a start to people living in harmony says nature. back

more international news now the e.u. doesn't deserve it's a nobel peace prize that's according to several former winners who issued an open letter to the foundation demanding the twenty seven nation block be stripped of the award l.t. sara first has more. in that letter they said that the twenty seven nation blocks getting this award contradicts the valleys associated with the pricing what they want to see happening is the one point two million dollar prize money not be awarded this year and they also said that the clearly not one of the champions of peace a consensus here amongst the signatures and indeed amongst many many people when this award was announced this year was that really the awarding of the prize the european union not in the keeping of the spirit of the nobel peace prize the prize

was awarded at a time when the e.u. is they think the biggest crisis it's face since its creation we're seeing huge seychelle of rest and you know what a lot of people are saying is that the european union at the moment really for a lot of people. come to represent divisions within society we see those divisions between the rich and the plot poor between those who employ it those who run employed you know the people that we've spoken to in these countries really feel very very let down the vision of the european union was about peace and democracy and that's certainly not what people feel that they're getting now the committee praised the for voting after the second world war and spreading stability to former communist countries promoting peace and stability within the e.u. you know it's not all bad the e.u. does provide a huge amount of aid a nation but i think what we see in happening in the e.u. in the last year really has been very far from the idea of you know

a peaceful union two thousand and nine we sort of all did see president obama many people feeling that was being awarded the peace activities he might do at some point in the future again very much not in keeping with the will we are to have actually got some reactions of their own to this latest piece of information about it being contested we had in any p.j. a bath and say it's highly devious with the e.u. even fulfilled the rules under which the award should be given only really very strong we are. of course see that price being awarded feel as if that may have been a project that many people feel represents the total opposite. on r.t. dot com right now major media embarrassment all this news agency publishes a some typically incorrect demographic as proof of iran's nuclear ambitions. also online survival manual as the mayans predicted doomsday is apparently approaching some russian entrepreneurs aren't wasting any time cashing in on the

end of the world. class you care fishel get hot under the collar as one hundred seventy boxes containing top secret files about britain's former colonial rule have gone missing. dot com. well silicon valley has long been the world's leading harbor for high tech business reputation largely down to an influx of foreign entrepreneurs but this global symbol of enterprise could soon be in danger of us growing ever more reluctant to welcome new talent from abroad what is what in a culture never has the story puts silicon valley. lots of sharing helping each other even competitors will help each other some of the biggest brands on the planet and they'll instantly associate change with america and surprisingly the majority were created by foreigners. jerry yang who was born in taipei surrogate britain whose parents came from russia when he was six or

pierre omidyar and iranian born in paris silicon valley has thrived thanks largely to immigrants people who came here with their dreams and had the drive to make them a reality they transformed this place into an unreliable for high tech development the birthplace of global pioneers one person who helps those outsiders to get a foot in the door is german born and how it could blend struck she says the valley moves so fast that it seems skilled foreigners springing up left right and center that she average day and there is a simple reason such success is coming their way so many of the of the indians and chinese that come in the others they make these great companies and then they hire people so they are really giving work and i think they are hungry for the words they want to succeed they're driven the valley's biggest rice came with the boom of immigrants in the ninety's that brought innovations in software and internet services the numbers speak for themselves just over half of the companies found it

in silicon valley from the mid ninety's to the mid to thousands had founders born and brought in the latest research says there is a case to one for being born inventor behind three quarters off after a new patient and like for many others getting impatient for a start up is one broad julia to palo alto her project is called smart wall and works is a messaging tool for those who want to avoid social networks most of the people that are that i see are foreigners and also there are a lot of americans that are not from here so they're also coming it's it's not a matter of nationality here it's a matter of the real skills that you but there are some clouds on the california sky currently over half of foreign born inventiveness face a visa hurdles the end. knowing economic recession has broad deep fears at home and about much needed jobs going into hands that have come from abroad making it hard

for many to understand that foreigners can actually bring benefits to times when america so desperately needs them and i think that's something that white america doesn't get they don't understand why. because they don't because i think that a lot of their fears are still oh they're taking our jobs away america prides itself on being a melting pot the country where thousands flocked for a better life but u.s. immigration policy me put an end to all that my you know question r.t. . or some other international stories now first to syria with some disturbing images it's going to show rebels allegedly executing an i'm going to list the prisoners are seen pleading for their lives before being shot one of the gunmen is referencing al qaeda group several terrorist attacks in karbala this comes as the old rebels claim new advances was the target and i say so. the north

korea says it will try to launch a long range rocket later this month moves to sir relations with south korea united states on young's failed launch of a result of that it is suspending day to state tension is also rising in south korea's recent do with us and that's we increase our response to which i. a cargo plane has crashed into a residential area in the republic of the congo it's feared more than thirty people have died their craft skidded off the runway in the capital of brazzaville and bad weather while trying to that and getting houses before ending up in a ravine walk remembers on board also thought have been killed. during two days of pretrial hearings lawyers for the american private accused of leaking classified data to wiki leaks have talked of his mistreatment and suicidal thoughts bradley manning has already spent the best part of two years in detention

for revealing killings the u.s. military didn't want exposed the anniversary of the cable gate that than to him behind bars. asks whether people really want to know what their government's up to . it's been two years since wiki leaks released what's now known as cable gate the world's largest leak of classified u.s. material so has it changed the world much this week let's talk about that i'm kind of a thought what i don't know doesn't hurt me so if your government is killing innocent people you're ok with that i'm not saying i'm ok with that but. i know i'm contradicting myself but i obviously don't want my government to kill innocent people but in the same boat. how do i know they're innocent if you run a government and you run a business this is a a business and everyone from your employees to the person who's the janitor know everything about your business something's going to come back you know what you

know maybe you shouldn't do anything that would want you. you have a good point knowledge is power right so we found out some information so that's a positive thing but i don't know if it's changed anything you don't think it's changed the way the government might. i think if they broke through some sort of firewall to get this information they probably built a new firewall that they can't break through quite as easily i don't think i it's changed anything i think the government is going to make it more of a secret you know as long as there's money power involved i don't think anything's going to change but information has since the printing of good will berg in the fourteenth century. the public is allowed to have information what about the government are they allowed to have information about us certainly yes so what about the people who protest that the government is using the internet to spy on us . well i want to spy on each other just look at today just to minutes ago syria

just closing they entered it so is our government the i think the government especially the what america is the world was ultimately about it whether or not we feel like wiki leaks has changed the world the bottom line is governments might now feel like they have their own big brother watching and hopefully that's a good thing. but ahead to learn this to has said global financial check up from washington stay with us. download the official application itself choose your language stream quality and enjoy your favorites from. l.t.v. is not required to watch on t.v.

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parents versus social workers docu nabby pm last stop it could be that many children have become prizes to fight full why does the law or threaten families the social for it to see in the form of they have a right of will call minimal the faith that they have any kind of suspicion about the morphing of your children are often a just better at bringing up kids than their own mom and dad and from what we haven't seen just. once and for example. the footrace children.

good afternoon welcome to capital account i'm lauren lyster here in washington d.c. these are your headlines for friday nov thirtieth two thousand and twelve the fiscal cliff continues to drive the news cycle and washington politics meanwhile the wall street journal reports it's pushing us i.p.o.'s stock sales and mergers as

sellers feared taxes on investment gains could go up next year now despite news like this and even if by efforts to promote i.p.o. bubbles the number of companies going public continues to be down significantly from highs in the one nine hundred ninety s. why would we want this. and. why would we ever want to bubble party private equity advisor william janeway is here to explain why bubbles are sometimes good plus u.s. corporate profits hit a record high in the third quarter according to the bureau of economic analysis with these profits why are we seeing more business investment to fuel innovation will discuss and we hear about sovereign credit downgrade and warnings of those downgrades all the time in the wake of the debt crisis and austerity in europe but now extravagance and luxury are on the line the ratings agency moody's has

reportedly put carmaker aston martin on review for a debt downgrade we'll discuss let's get to today's capital account. bubbles are often thought of as detrimental to an economy is healthy needless to say but what if in reality of progress cannot happen without bubbles and with the u.s. economy still muddling along since the two thousand and eight crisis with the low level of i.p.o. volume since the dot com bubble burst low business investment low were record budget deficits from the government and high unemployment do we actually need a bubble not a case i would make but a very smart gentlemen is here to tell us why they can sometimes be good joining me

from our new york studio is dr william janeway he's senior advisor for warburg pincus technology and author of the book doing capitalism in the innovation economy markets speculation and this dave thank you so much for being on the show very good to be here we're going to have you because you have said and i would definitely agree that bubbles have received bad press whether we're talking about the two live bubble in the sixteen hundreds or whether we're talking about the real estate bubble ahead of two thousand and eight but in some instances you say bubbles can be good why can bubbles be good and what kind of a bubble would we need or might we need now. well the first thing as you've said is that bubbles are boringly common where ever there is a active trading liquid market in an asset from tulip bulbs to real estate by way of gold and silver mines in the dead of new countries there will be speculative excess bull runs and collapses they are boring but every

once in a while the object of speculation over some two hundred fifty years has been one of those transformational technologies that change everything that actually once capital is deployed at large scale create a new economy from the canal mania of the seventeen eighties through the success of railroad booms of the nineteenth century and on to the great electrification bubble of the one nine hundred twenty s. and of course our own beloved dot com telecom bubble of the late ninety nine days which gave us the infrastructure of the internet and the digital economy which we are living learning now to explore and enjoy these were not have happen the physical assets would not have been.